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Morning Report - 19 April 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Entain PLC 1,399.0 7.2%
Fresnillo PLC 799.4 3.0%
Flutter Entertainment PLC 15,527.4 2.9%
Anglo American PLC 2,787.0 2.8%
Rolls-Royce Holdings PLC 154.6 2.4%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Gsk PLC 1,488.0 -1.6%
Unite Group PLC 936.5 -1.3%
Compass Group PLC 2,048.0 -1.3%
Airtel Africa PLC 110.6 -1.1%
Mondi PLC 1,295.5 -1.1%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,907 0.3% 3.7%
DOW JONES INDUS. AVG 33,863 -0.4% -1.5%
DAX INDEX 15,871 0.5% 12.0%
NIKKEI 225 28,659 0.5% 6.2%
S&P/ASX 200 INDEX 7,360 -0.3% -2.7%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 80.72 -0.14%
Brent Crude (ICE) USD/bbl. 84.54 -0.26%
Gold Spot USD/t oz. 2,008 0.7%
Copper (Comex) USd/lb. 410 0.8%
The UK 100 called to open -16 points at 7892

1 Day; 2 Years

Click graph to enlarge

Markets Overview:

The UK 100 called to open -16 points at 7892.  The UK 100 looks set to open slightly lower today, this comes as fresh UK inflation data showed inflation had eased in March but not by as much as City commentators had hoped and remains in double digits.  On Wall Street, yesterday the Dow Jones closed down 10.55 points at 33,976.63. The S&P gained 3.55 points, or 0.1%, to trade at 4,154.87, while the Nasdaq ended flat at 12,153.41.  After the US close Netflix posted its first quarter numbers. Shares dipped in after-hours trading after the streaming platform failed to attract as many new subscribers as expected during the first quarter.

Company News & Broker Comments:

Company News:

Antofagasta says Q1 production and costs are in line with FY guidance. Q1 copper +5.1% YoY & gold +9.9% YoY. They keep their 2023 guidance for 670,000-710,000 tonnes of copper.

 

 

ConvaTec acquires the anti-infective nitric oxide technology platform of 30 Technology.

 

 

Glencore publishes an open letter to shareholders of takeover target Teck Resources and states that the Teck Resources board “has consistently refused any engagement”.

 

 

Hunting report that their FY EBITDA guidance is unchanged at $88m.

 

 

National Express sees strong recovery in UK coach and German rail as Q1 performance is in line with expectations.

 

 

Broker Comments:

 

No new broker comments

Reporting Today:

UK

 

Antofagasta

 

Entain

 

Hunting

 

Network International Holdings

 

Quilter

 

 

US

 

Morgan Stanley

 

International Business Machines

 

Tesla

Reporting Thursday:

UK

 

AJ Bell

 

Centamin

 

Dunelm Group

 

Rentokil

 

Rio Tinto

 

Segro

 

WH Smith

 

 

US

 

American Express

 

AT&T

 

Blackstone

 

Philip Morris International

 

Snap Inc A

 

 

In Focus Today:

Japanese Industrial Production

 

UK Consumer Price Index

 

UK Retail Price Index

 

EU Non-Monetary Policy ECB Meeting

 

EU Harmonized Index of Consumer Prices

 

German 10-y Bond Auction

 

ECB's Lane speech

 

ECB's Schnabel speech

 

Fed's Beige Book

 

Japanese Merchandise Trade Balance Total

Tomorrow's Ex-Dividends:

UK 100 companies going ex-dividend on 20th April 2023:

 

Antofagasta

 

BAE Systems

 

Weir Group

 

Spirax-Sarco Engineering

 

London Stock Exchange Group

 

UK 250 companies going ex-dividend on 20th April 2023:

 

 

Vanquis Banking Group

 

Vistry Group

 

Quilter

 

Vesuvius

 

Ibstock

 

Genuit Group

 

Videndum

 

Rathbones Group

 

Bodycote

 

Drax Group

 

Supermarket Income REIT

 

Foresight Solar Fund

 

Hunting

 

Merchants Trust

 

Schroder Oriental Income Fund

 

JPMorgan American Investment Trust

 

Jupiter Fund Management

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